- As was widely expected, the FCC has voted to begin negotiations with Ericsson's (NASDAQ:ERIC) Telcordia unit regarding a major local phone number-porting contract, after relying on Neustar (NSR) to provide the service for 18 years. Neustar has responded to the news by once more blasting the FCC's selection process, and affirming its guidance for 1H15.
- To soften the blow, the telecom data service provider has launched a $150M buyback that lasts until March 25, 2016. It's good for repurchasing 12% of shares at current levels. As of Dec. 31, Neustar had $329M in cash to pay for buybacks with, and $792M in debt.